Gold support and resistance Key for today: Gold prices pulled back nearly $20 from 7-week highs of $1790 on Wednesday, finishing the day slightly in the red. The rebound in the US Treasury yields triggered the correction in the metal. Bear cross on 1H chart and RSI below 50.00 point to the downside.
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MCX Weekly Research Report, 19 To 24 April 2021
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Gold Prices Today Fall, After Big Gains, Silver Rates Drop
Gold Prices Today: Gold and silver prices edged lower today in Indian markets after posting big gains in the previous session. On MCX, gold futures were down 0.12% to ₹47,120 per 10 gram while silver fell 0.26% to ₹68,361 per kg.